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Actually, it sounds pretty good (if the survey isn't tainted):

BBC NEWS | Business | Brazil announces new oil reserves

The Brazilian government says huge new oil reserves discovered off its coast could turn the country into one of the biggest oil producers in the world.

Petrobras, Brazil's national oil company, says it believes the offshore Tupi field has between 5bn and 8bn barrels of recoverable light oil.

Certainly a better grade than Orinoco.

I've also seen natural gas mentioned in connection with the Brazilian find but I don't have time to track that down right now. :-)

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt št gmail dotcom) on Wed Nov 21st, 2007 at 04:42:27 AM EST
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